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Share Name Share Symbol Market Type Share ISIN Share Description
Finsbury Food Group Plc LSE:FIF London Ordinary Share GB0009186429 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 68.00 67.00 69.00 68.00 68.00 68.00 15,453 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 313.3 17.0 9.8 6.9 89

Finsbury Food Share Discussion Threads

Showing 3751 to 3775 of 4775 messages
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DateSubjectAuthorDiscuss
25/3/2013
10:17
Impressive results especially the increase in profits. Interesting to read the statement concerning future growth being focussed upon organic development, whilst not closing the door on appropriate acquisitions. With the recent divestment of Free From the debt level must be dramatically lower, which should in turn magnify the profitability significantly in the current FY. Given the current EPS of 3.6p, the forward EPS is likely to grow dramatically, which will mean that the current share price looks very modest. I can't see us remaining sub 60p for long and who knows, pending the current HY results, we could even see £1 next year.
spaceparallax
25/3/2013
10:00
btw, Investor's Chronicle maintains its Buy stance on FIF in its daily news roundup.
dashton42
25/3/2013
09:46
Anyone care to speculate on who the acquisitions, small or otherwise, may be? I don't know enough about the food industry to know which companies may be a good strategic fit with FIF. Other than that, generally happy with the results, and am looking forward to future developments with a great deal of interest.
dashton42
25/3/2013
09:28
Great results. Very stingy dividend, but at least they have started! Once the sale completes, this will definitely be looking undervalued.
topvest
25/3/2013
09:03
I would think that capex in the current focus followed by small bolt on opportunistic aquisations of small privately run operations.
this_is_me
25/3/2013
08:57
I'm struggling to see what acquisitions would be if they are already number 2 in cakes. I'd expect something to broaden the business - but what? FIF has been tipped several times in Shares this year. I would have thought these results will virtually guarantee coverage. SHares does not have IC's clout, though.
aleman
25/3/2013
08:52
I would see an increase in capex with some smaller aquisitions more likely than one big aquisation.
this_is_me
25/3/2013
08:50
I think it might even get a mention in Investors Chronicle today - they do seem to be "across" this company...
dashton42
25/3/2013
08:37
might need to be tipped at end of this week in IC or sunday papers to get it moving.
woodcutter
25/3/2013
08:27
I thought they could manage an acquisition up to about £20m or so. I now reckon £30m and maybe end up with a company with EBITDA of £18m+ and debt of £30m or so. Debt/EBITDA would still be no higher than peer average at 2 or under and EPS around 10p and rising. I know I'm getting ahead of myself a little but I'm just wondering what sort of acquisition(s) they are thinking of.
aleman
25/3/2013
08:13
it seems you can't please everyone, some sells on these results!!! WC
woodcutter
25/3/2013
08:09
well i might be a little late to the party this morning chaps but all-in-all i think the results are pretty damn good and concur with the general feelings of the wider community on here. I would have liked to have seen 0.5p for the divi now and maybe 1p/1.5p at H2 which is easily affordable but beggars etc. Well done boff, aleman, dash, space, T-i-m for hanging in there when many have gone. Surely we must see an share price re-rating from now. Woody
woodcutter
25/3/2013
08:06
It seems to Me that the placement and elements of today's statement showed that they were constrained by debt and pressure from the banks from essential capex. Normally I strongly object to companies that sell off the fastest growing part of the business cheaply when under cash pressure. (eg. FDL recently) but in this case they were able to sell at a fair price to the brand owners. Failing to sell to them could have caused very strained business relationships that would have caused too many problems. I think that the management now have room to breathe and we should see progress in the medium term going forward.
this_is_me
25/3/2013
08:01
0.25p?? Not going to quit the day job just yet then. Debt down more than I expected though
boffster
25/3/2013
07:55
EPS is stronger in H2 and cashflow much stronger. I would not expect a 50/50 split of the dividend for any other company with such seasonality. I'm wondering if we will get 0.25p + 0.50p.
aleman
25/3/2013
07:52
They could have paid the small dividend and managed the capex without the disposal. It certainly has transformed the balance sheet.
aleman
25/3/2013
07:42
The disposal has transformed the balance sheet, allowed small dividends and allowed investment in upgrading and replacement of old plant.
this_is_me
25/3/2013
07:40
Stronger numbers than I was expecting. EPS of 3.1p fully diluted for November fundraising in the weak half. Debt still down £2m in the weaker half if fundraising is ignored. (Once again, why did we need it? Debt/ENITDA now looks around £27m/£13m= 2.1.) H2 will show minimal turnover growth but profit growth has come from margins. The big improvement in the balance sheet is mostly current assets going from -£17m (which worried some investors) to -£12m. Deferred payments is now down to only £400k. Negative assets ex-goodwill looks likely to be close to elimination in H2. So EPS and cashflow look a bit stronger than I was expecting. How on earth did Cenkos get such weak forecasts? Last year was 2.1p in H1 and 5.9p in H2 to give 8.0p full year. This year we have 3.5p (3.1p fully diluted) for H1 so we should be looking at 5.9p (5.0p fully diluted) with no improvement after the disposal in H2 to get a minimum of 9.4p (8.0p fully diluted) - and even more if H2 is strong. Cenkos will have to raise forecasts, surely.
aleman
25/3/2013
07:11
Highlights · Group revenue up 1% to £103.3m (H1 2011: £102.0m) · Profit before tax up 32.8% to £3.0m (H1 2011: £2.2m) · Sales in the UK Cake division up 2% to £67.8m (H1 2011: £66.6m) · Sales in the Bread division up 7% to £27.4m (H1 2011: £25.6m) · Net debt down 27% to £27.4m (H1 2011: £37.7m) Operational Highlights · New celebration cake venture in Australia · Position as second largest manufacturer of ambient cake in the UK maintained · Licensed cakes continue to perform well - strong performance from Spiderman and Moshi Monsters, plus addition of Me to You range · Continued growth in Bread brands · Placing to raise £3,779,300 after expenses for capital investment projects in UK Cake business Post period highlights · Sale of Free From business for £21m · Approved interim dividend of 0.25p per share
skinny
25/3/2013
07:02
Divi reinstated, debt down, now to pour over the report in more detail...
dashton42
25/3/2013
06:58
Here we are, moments to go...
dashton42
19/3/2013
15:50
roll-on monday, then the share price rise can continue
spaceparallax
19/3/2013
11:30
definitely not, I suggest to buy it because I have shorted it ! doh
markt
18/3/2013
11:30
and surprise, surprise you just happen to have an interest
spaceparallax
16/3/2013
20:15
jp if you like trends PTEC is perhaps worth a look...rocket driven trend recently...
markt
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